Russell Sage Foundation - History - 1980s - Present

Present

The Foundation was an early force in the development of behavioral economics, launching the Behavioral Economics program in 1986 with the Alfred P. Sloan Foundation. A number of seminal books on behavioral economics published by Russell Sage remain key texts in the field today, including Quasi Rational Economics (1991) and Advances in Behavioral Finance (1993).

In 1993, the Foundation also established the Behavioral Economics Roundtable, a group of leading behavioral economists elected by grantees in the program and charged to design initiatives to advance the field. Three charter members of the Roundtable subsequently received the Noble Prize in economics: George Akerlof, Daniel Kahneman, and Thomas Schelling.

The Foundation launched new programs to study immigration, the rise of economic inequality and contact among cultures within the American population. Between 1992 and 2000, the Foundation worked with the Ford Foundation to conduct a Multi-City Study of Urban Inequality. In 2000, the Foundation partnered with the Population Reference Bureau (PRB) to produce The American People: Census 2000, edited by Reynolds Farley of the University of Michigan and John Haaga of PRB. The Foundation also supported several other census-based books reflecting on the import of the new millennium and the evolution of American society, including Century of Difference: How America Changed in the Last One Hundred Years (2006) by Claude Fischer and Michael Hout, both of University of California, Berkeley and One Nation Divisible: What America Was and What it is Becoming (2006) by Michael Katz and Mark Stern, both of the University of Pennsylvania.

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